Guest guest Posted October 2, 2008 Report Share Posted October 2, 2008 Namaste friends, Today US senate passed a $700 billion bailout plan. There is fear psychosis everywhere. First there was talk of letting market capitalism sort things out by itself and let the faltering companies that made bad bets fail. There was a talk of wall st vs main st. After scare mongering of tremendous proportions by treasury secretary and a 777 point decline on the wall st, everybody seems convinced now that the bailout package is needed and the economy will screech to a halt without it. The media is abuzz with stories of how small businesses are having trouble finding credit and how this is a main street issue also and not just a wall street issue. This is like a person threatening of suicide by holding a pistol to his head. If we ignore the threat, will the blackmailer really pull trigger and kill himself? Wall street is threatening US society that it is on the verge of a suicide. Political leaders are caving in to the blackmail. My fear is that the current action may cause more problems (and bigger problems) in the long run than no action now. However, we may never find out. If credit availability was the issue, there may be better way to infuse credit into the market than what is being done. This package has been negotiated and finalized in a great hurry, under tremendous pressure and without much due diligence. This irresponsible bailout package may sink US economy into more problems in the long run. Astrologically, the time right now is not conducive a good long-term solution to the problems of US economy. Instead this is a time of confusion and missteps. In general, world is going through a transformation and we are in a state of flux right now. Best regards,NarasimhaDo a Short Homam Yourself: http://www.VedicAstrologer.org/homamDo Pitri Tarpanas Yourself: http://www.VedicAstrologer.org/tarpanaSpirituality: Free Jyotish lessons (MP3): http://vedicastro.home.comcast.netFree Jyotish software (Windows): http://www.VedicAstrologer.orgSri Jagannath Centre (SJC) website: http://www.SriJagannath.org Quote Link to comment Share on other sites More sharing options...
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